Oddbean new post about login | logout People talk about stacking goals as if there’s a finish line. No no, that’s all wrong - the goal is stackheight go up until you’re ready to retire and start spending. In other words… People who stop stacking bc they rEacHed thEir StacKinG GoaL Pussies
The only ngu that matters is my number of sats.
100% That number will keep going up until I’m too old to earn 🫡
To add some nuance for the ackyually types It is analogous to bitcoin transitioning from mainly block subsidies to purely on-chain fees. By that i mean, nothing wrong with spending here and there along the way. Totally natural!
https://i.nostr.build/w3yGJeqVmYvZihOg.jpg nostr:nevent1qqsde8m7wjw867evnn4x4t4xh8kzwrkn9jjguzzxw3tyyrv989qx3sspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygx7znlx97t7p9pftq0earlvx9c08nj70ym2yy6t7uxg030ly2098gpsgqqqqqqsjx6rl7
The stacking goal is always more bitcoin!
A great goal is to live on what you make today BUT have ZERO debt. Determine how much Bitcoin you need today (or in X years) to generate that income at a 20% compounded interest rate (be conservative since Bitcoin has returned 30%/year). After you reach that goal, WORK for X years to pay off ALL DEBT. Then you don't need a job. Keep a small investment account on the side and LEARN how to invest it wisely in good companies (avoid the stock market trading - it's a fools game - gambling). And NEVER buy a lottery ticket or gamble (it's stealing your future wealth). Boom - you have a plan. Example: Need $100,000. That's $500K in Bitcoin. You have $200K in debt. So AFTER you have $500K in Bitcoin you work 2 more years to pay off that $200K in debt. Then you are financially independent if you live within your $100K residual income. You can figure out how many years it takes to get to your $500K in Bitcoin based on current Bitcoin using the Power Law calculator. https://bitcoincompounding.com/
you will likely train yourself to never be able to spend. make sure you have a mindset of spending along the way in moderation to make sure you will actually be able to spend. The saver mentality is wise, but needs to guard against becoming a barrier to enjoying the fruit of your labor. small little purchases and even just exercises in thought about how to and what to spend on are healthy
